Cap and Gown’s financial aid policy provides a grant for club membership to every member on Princeton University financial aid and guarantees that no member on full financial aid pays any out-of-pocket costs for club membership.

Each year, Cap members who receive any financial aid from Princeton University will receive a grant from the Cap and Gown Financial Aid Fund that covers the difference between the Princeton board rate (inclusive of the additional grant provided by Princeton Financial Aid for upperclassman board) and Cap and Gown member house and board rates. Any member who is not on financial aid from Princeton University, but receives external sources of aid—such as government grants from their home country—is similarly eligible for a Cap and Gown financial aid grant, provided that they meet criteria consistent with Princeton University’s Financial Aid Office’s eligibility criteria. The policy is transparent and will ensure that members on University financial aid know the value of the grant that they will receive as soon as the University has released its board rate for an academic year. 

While a recent Daily Princetonian article suggests that Cap’s financial aid policy is among the most inclusive on the street, the Financial Aid Committee is continuously seeking to improve the existing program and is very open to receiving suggestions. Please direct your thoughts to capfundingcommittee@gmail.com 

The Cap Board of Trustees is committed to keeping membership fees as affordable as possible for the foreseeable future, particularly given the hardship induced by the COVID19 pandemic.

The Cap and Gown Financial Aid Fund will be supported through funds donated by the Cap and Gown community.